+
Belrise Industries Plans Rs 2,150 Crore IPO to Reduce Debt
ECONOMY & POLICY

Belrise Industries Plans Rs 2,150 Crore IPO to Reduce Debt

Indian automotive component manufacturer Belrise Industries has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 2,150 billion through an initial public offering (IPO). The offering will be entirely a fresh issue of shares, with no offer for sale (OFS) component. The company is also considering a pre-IPO placement of up to Rs 430 billion, which could reduce the final size of the issue.

Belrise plans to utilize Rs1,618 billion of the IPO proceeds to pay off its debt, which stood at Rs 2,463 billion as of June 2024. With a robust presence in the automotive sector, the company manufactures a range of safety-critical components for vehicles across multiple categories, including two-wheelers, four-wheelers, and commercial vehicles. It has established relationships with major OEMs like Bajaj Auto, Hero MotoCorp, Honda, and Jaguar Land Rover.

The company’s revenue grew 13.7% to Rs 7,484.24 billion in FY24, while profit after tax stood at Rs 310.88 billion. Belrise operates 15 manufacturing facilities across eight states and has expanded its market reach internationally, including to the UK, Japan, and Thailand. Axis Capital, HSBC, Jefferies India, and SBI Capital Markets are managing the IPO.

Indian automotive component manufacturer Belrise Industries has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 2,150 billion through an initial public offering (IPO). The offering will be entirely a fresh issue of shares, with no offer for sale (OFS) component. The company is also considering a pre-IPO placement of up to Rs 430 billion, which could reduce the final size of the issue. Belrise plans to utilize Rs1,618 billion of the IPO proceeds to pay off its debt, which stood at Rs 2,463 billion as of June 2024. With a robust presence in the automotive sector, the company manufactures a range of safety-critical components for vehicles across multiple categories, including two-wheelers, four-wheelers, and commercial vehicles. It has established relationships with major OEMs like Bajaj Auto, Hero MotoCorp, Honda, and Jaguar Land Rover. The company’s revenue grew 13.7% to Rs 7,484.24 billion in FY24, while profit after tax stood at Rs 310.88 billion. Belrise operates 15 manufacturing facilities across eight states and has expanded its market reach internationally, including to the UK, Japan, and Thailand. Axis Capital, HSBC, Jefferies India, and SBI Capital Markets are managing the IPO.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?